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All Journal Journal of Education, Humaniora and Social Sciences (JEHSS)
Hendrajaya Hendrajaya
Sekolah Tinggi Ilmu Ekonomi Pariwisata Indonesia
Health Professions Public Health Social Sciences

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Financial Performance Evaluation as a Strategy for Developing MSMEs: A Study on Arista Straike Blater Fishing Imelda Zuliyana; Hendrajaya Hendrajaya
Journal of Education, Humaniora and Social Sciences (JEHSS) Vol 7, No 3 (2025): Journal of Education, Humaniora and Social Sciences (JEHSS), February
Publisher : Mahesa Research Center

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34007/jehss.v7i3.2558

Abstract

This article aims to analyze financial management and its impact on the development of MSMEs, with a case study on the Arista Straike Blater Fishing business. The main focus of this study is the challenges in manual financial recording that are inefficient and risk the accuracy of financial reports, as well as how these limitations affect strategic decision-making and the sustainability of business operations. This study uses a qualitative method with a descriptive approach. Data were collected through in-depth interviews with owners, managers, and financial staff, as well as direct observation of operational processes and interactions with customers. The analysis was carried out using a thematic approach to identify patterns in financial management and their impact on the business. The results of the study indicate that good financial management, especially in terms of cash flow control, budget planning, and financial report recording, contributes significantly to improving business operations and service quality. In addition, effective financial management supports strategic decision-making, such as investment in facilities and the introduction of new products, which contribute to increasing customer satisfaction and MSME business development. The implications of this study emphasize the importance of financial literacy for MSME owners to improve the efficiency of financial recording and reduce the risk of errors in financial reports. Key recommendations include investing in a digital recording system to improve accuracy and efficiency and financial literacy training for business actors. Further research is recommended to explore external factors that influence the effectiveness of MSME financial management, such as government regulations and access to financing.
Pengaruh Kinerja Keuangan dan Kebijakan Dividen terhadap Nilai Perusahaan pada Perusahaan Sektor Pertambangan di Bursa Efek Indonesia Jenny Sutrisna Waruwu; Hendrajaya Hendrajaya
Journal of Education, Humaniora and Social Sciences (JEHSS) Vol 7, No 4 (2025): Journal of Education, Humaniora and Social Sciences (JEHSS), May
Publisher : Mahesa Research Center

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34007/jehss.v7i4.2622

Abstract

This article aims to analyze the effect of Return on Assets (ROA), Return on Equity (ROE), Debt-to-Equity Ratio (DER), Earnings Per Share (EPS), and Dividend Payout Ratio (DPR) on company value as measured by Tobin's Q. The problem focuses on how these financial factors affect company valuation. In order to approach this problem, theoretical references from financial management and company value theory are used. Data were collected through company financial reports and analyzed quantitatively using multiple linear regression with normality, multicollinearity, and ANOVA tests.This study concludes that ROE and EPS have a positive and significant effect on Tobin's Q, indicating that equity profitability and earnings per share can increase company value. Conversely, DER and DPR have a negative and significant effect on Tobin's Q, indicating that high debt levels and large dividend payments can reduce company valuation. Meanwhile, ROA does not have a significant effect on Tobin's Q. This result implies that companies need to focus on increasing equity profitability and earnings per share, maintaining a balanced capital structure, and designing an optimal dividend policy to increase the company's value in the eyes of investors.
Co-Authors Imelda Zuliyana Jenny Sutrisna Waruwu